Big haircut: Subhash Chandra says it’s against Rs Rs 3,992 crore
NEW DELHI: After a major controversy erupted over the National Company Law Tribunal (NCLT) approving Essel Group chairman Subhash Chandra’s Rs 6.5-crore repayment plan against admitted creditor claims of Rs 22,006 crore, the media baron on Thursday said that the claims against him as a personal guarantor were just Rs 3,992 crore.
In a statement, Chandra said he had not personally borrowed money from any lender and was only a personal guarantor for the loans raised by Vivek Infracon, Spirit Textiles and Churu Enterprises.
